Chief Financial Officer

The Chief Financial Officer (CFO) is a corporate officer responsible for managing the company’s financial operations. This officer is also responsible for all accounting functions including credit control, budgeting and financial reporting, coordination of financing and funding, expenditure and liquidity, monitoring and management of investment and tax issues, provide timely reports to the board, and providing timely financial data to the Chief Executive Officer (CEO). In some sectors the CFO is also responsible for analysis of data. CFOs with the current organization were limited mainly to provide financial data aggregation from senior management responsibility for external and internal organization. There is minimum part of the CFOs in the strategic development of the organization 's overall goals and objectives. In addition, the remaining management significantly is not related to the financial aspects of the organization. Financial sector acts as an intermediary through its business plan are prepared based on financial projections. Based on Calvin Massmann (2004) experience and interviews, “the role of CFO has changed over recent years. From the perception of financial manager due to the lack of strong leadership skills have changed, but it is hard to do, because you need a certain amount of expertise in the treasury without most of the depth of expertise in these areas”. Importantly affect the dynamic business environment of ever-changing trends mean that role. Of course, these changes are not their full impact every business now. However, it should be pointed out that in the stacks of financial breakdown, but more and more development to maintain the traditional prestige, reaffirmed the central role of wealth-creating activities and CFOs on the same conditions as the rest of the top management to contribute gradually no longer be buried with the role of CFO and their subordinates. “The CFOs candidate is further described in all scenarios as being a